According to the FT, the privately owned Follett company may be in the process of selling itself (FT): Follett Corporation, the private River Grove, Illinois-based educational publishing company, is in the midst of a sale process, two industry bankers told dealReporter. It is not clear whether the company is selling one of its six divisions or the corporation as a whole, the bankers said.
The Hartmarx Corporation, the bankrupt suit maker, won court approval on Thursday to sell itself to the British private equity firm Emerisque Brands, Representative Phil Hare, Democrat of Illinois, said in a statement. The sale to E... Read Post
HSBC agreed on Wednesday to sell its Japanese private banking unit to Credit Suisse, as Europe's largest bank looks to shore up its books. Read Post